Syriza Seeking Greek Shipping Billions May Risk 60,000 Jobs
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Greek ship owners who remitted more than $175 billion in untaxed earnings to the country in 10 years say they would relocate the businesses if a new government scraps the fiscal exemption, risking as many as 60,000 jobs.
The country’s estimated 762 vessel owners pay no tax on international earnings brought into Greece under rules incorporated in the country’s constitution since 1967. The Syriza party, which opposes Greece’s international bailout and is shown by polls as vying for first place before a June 17 election, says it wants to abolish the tax break.